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Cory Vasquez Promoted to Co-President of Realty ONE Group Ahead of Vinnie Tracey’s Retirement
Above, Cory Vasquez, left, and Vinnie Tracey Realty ONE Group International announced several high-level promotions Monday, including the promotion of Cory Vasquez, who will maintain her role as the company’s Chief Marketing Officer while moving into a co-president role alongside industry icon Vinnie Tracey. Tracey will work with Vasquez in a direct mentorship training role…
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What the Industry is Feeling and Saying About the NAR Settlement
The real estate industry has been abuzz since NAR’s announcement of their settlement in their ongoing commission lawsuits last Friday. Conversations are spurning left and right about the decision: the terms, what they mean and how that will trickle down the industry. To break down the proposed settlement’s terms: buyer’s agent commissions will not be…
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Adapting to Emerging Trends
Chris Raveis Co-President/President of Residential Sales William Raveis Real Estate, a member of Leading Real Estate Companies of the World® Shelton, Connecticut https://www.raveis.com Region served: Connecticut, Florida, Massachusetts, Maine, New Hampshire, New York, Rhode Island, South Carolina and Vermont Years in real estate: Since 1993 Number of offices: 150 Number of agents: 4,500-plus Best advice…
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Biden Incorrectly Says NAR Sets Commissions, Banned Negotiations
The lack of understanding around how real estate transactions work—and misunderstandings and misinformation regarding the recent National Association of REALTORS®’ (NAR) settlement agreement—goes all the way to the top. In a campaign event yesterday, President Joe Biden, while speaking on housing affordability, incorrectly stated to thousands of people that “NAR agreed for the first time…
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Fannie Mae Projects Higher Mortgage Rates For Longer Than Expected
Fannie Mae’s most recent economic projections, up to March 2024, suggest that mortgage rates will remain elevated for a while longer. Per Fannie Mae’s Economic and Strategic Research (ESR) Group, the 30-year mortgage rate is now projected to sit at 6.4% by the end of 2024–higher than the previously projected 5.9%. This will likely cause…
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